Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

IndustryLatest Stories

Ahmedabad Redevelopment Faces Cost and Consent Hurdles

AHMEDABAD: For many residents in aging housing societies, redevelopment was anticipated to bring larger homes, improved amenities, and safer structures. However, a growing number of families are finding themselves paying rent for months while projects remain stagnant. Throughout Ahmedabad, redevelopment initiatives are experiencing delays due to weak housing demand, rising construction costs, and conflicts among society members, making builders hesitant to proceed until all approvals are secured. A recent case near Parimal Garden illustrates how quickly plans can fall apart. Two housing societies struck an agreement with a developer about three years ago, but disagreements among some members prevented the…

Latest StoriesResidential

Telangana’s Indiramma Housing Scheme for Hyderabad’s Poor

Representative AI image HYDERABAD: The Telangana government has officially inaugurated the Indiramma housing scheme aimed at supporting the underprivileged in the Hyderabad Core Urban Region. The scheme was launched by State Housing Minister Ponguleti Srinivasa Reddy, along with cabinet colleagues D Sridhar Babu, Ponnam Prabhakar, and Mohammad Azharuddin. In the first phase, the government will allocate 500 houses each in 16 of the 24 Assembly constituencies within the CURE. The implementation in the remaining eight areas will follow shortly, Reddy noted. Overall, the government aims to construct one lakh homes in Hyderabad CURE. Previously, four lakh houses were approved in…

Latest StoriesRera

MahaRERA Dashboard Lacks Updates for Six Months, Activists Alarmed

Representative AI image PUNE: Consumer activists have raised concerns regarding MahaRERA’s commitment to transparency as its online dashboard for tracking recovery warrants against defaulting developers has remained stagnant for nearly six months. This lack of updates persists despite the regulator issuing new orders during that period. The “Recovery Warrants District Wise” section on the MahaRERA website was last refreshed on January 20. Although individual recovery warrant orders issued thereafter have been uploaded, the consolidated dashboard has not been updated. This makes it challenging for homebuyers to monitor enforcement actions and recoveries. Shirish Deshpande, chairperson of Mumbai Grahak Panchayat, stated, “The…

Latest StoriesRegulatory

SC Gives Parsvnath a Week to Pay Homebuyer Dues or Face Jail

NEW DELHI: On Monday, the Supreme Court provided Parsvnath Developers with one final week to comply with orders favoring homebuyers in Gurugram. They must deposit the full amount along with 12% interest with the court registry. The bench, including Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana, issued strong warnings to the real estate firm and its directors, stating that failure to comply could lead to imprisonment. “The entire country has been misled,” the Chief Justice remarked, threatening jail time if they do not adhere to the orders within a week. He emphasized that they are treating…

Latest StoriesResidential

FONRWA Acts Against Unlicensed PGs in Noida

Representative AI image NOIDA: The Federation of Noida Residents’ Welfare Associations (FONRWA) has urged the Noida Authority to take action against unauthorized paying guest (PG) accommodations in residential sectors, flagging issues related to fire safety, parking shortages, and security. In a letter to the Authority, KK Jain, the secretary general of FONRWA—which represents over 120 RWAs—stated that many PGs are operating without necessary approvals or compliance with safety regulations. He claimed that numerous accommodations lack fundamental fire safety measures such as fire extinguishers and emergency exits, presenting significant risks to residents. “Most of these facilities lack essential fire safety equipment,…

CommercialLatest Stories

Smartworks Leases 1,100+ Seats to L&T in Pune

Representative AI Image NEW DELHI: Smartworks Coworking Spaces has strengthened its partnership with L&T Technology Services (LTTS) by adding over 1,100 seats in Pune. With this addition, LTTS’s managed office portfolio with Smartworks has reached over 2,750 seats across various locations. The anticipated rental revenue from these expansions is projected to be around ₹115 crore, with ₹55 crore coming specifically from the Pune expansion over a 60-month period. Clients with more than 1,000 seats account for approximately 37% of its total rental revenue, while enterprise clients contribute about 90% of the company’s overall revenue. Published On Jul 20, 2026 at…

Latest StoriesRegulatory

Chennai collects ₹103 crore in property tax in 14 days

CHENNAI: The Greater Chennai Corporation has successfully collected ₹103.03 crore in property tax dues over the span of 14 days, thanks to a focused collection initiative across the city. This amount was gathered between July 3 and 16, during which many property owners proactively settled their tax dues. The efficiency of collections has surged by 145% compared to the same time last year, as reported by officials. “The special property tax collection camp has been ongoing since July 3 and will continue until July 31. We will also organize additional intensive collection activities aimed at recovering long-standing dues. Out of…

Latest StoriesRegulatory

HC Orders Haryana to Submit DLF City Demolition Records

GURUGRAM: The Punjab and Haryana High Court has ordered the state government to provide details regarding demolition and restoration actions on properties accused of unauthorized construction in DLF City. During the hearing of multiple petitions, including one from the DLF City Residents Welfare Association, the court granted the Haryana government a deadline of ten days to respond and scheduled the next hearing for July 28. The court emphasized that lawful structures should remain protected during enforcement actions and requested copies of the building bylaws relevant to the area to determine compliance with planning regulations. The case revolves around alleged unauthorized…

IndustryLatest Stories

Goa to Convert Industrial Land from Lease to Freehold

Representative AI image PANAJI: The Goa Industrial Development Corporation (Goa-IDC) is planning significant reforms to enable the conversion of industrial land from leasehold to outright ownership. At a board meeting on Friday, the Goa-IDC also considered simplifying rules regarding the transfer, sublease, subdivision, and amalgamation of industrial plots. The proposed amendments are part of the Centre’s Compliance Reduction and Deregulation Initiative under the Viksit Bharat 2047 agenda. Phase II of this initiative identified industrial land use as a priority area, recommending a more liberal approach to leasehold-to-freehold conversions and replacing prior approval requirements with a simpler notification process for transfers…

Latest StoriesResidential

Telangana to launch 1 lakh Indiramma houses for the poor on July 20

HYDERABAD: Revenue and Housing Minister Ponguleti Srinivas Reddy announced on Sunday that the Indiramma housing scheme for low-income groups (LIG) in the core urban region economy (CURE) area will be launched at the secretariat on Monday. The Congress government plans to build one lakh LIG flats in multi-storey buildings, each up to 10 floors. Ministers responsible for Hyderabad and Rangareddy districts, including Ponnam Prabhakar and D Sridhar Babu, along with Minorities Welfare Minister Mohammed Azharuddin, will unveil the application process, eligibility criteria, and the scheme brochure at the secretariat on Monday. The government has identified prime land parcels within the…